0326 GMT - Aristocrat Leisure's reinforcement of its dominance of the global slot-machine market helps turn Goldman Sachs analysts bullish on the Australian company. Raising their recommendation to buy from neutral, the GS analysts tell clients in a note that they are even more confident in earnings growth following Aristocrat's record North American installations in fiscal 2024. They anticipate its share growing beyond 40%. They also approve of Aristocrat's divestment of its Plarium mobile-gaming unit, and the heightened slots focus that implies. A weaker Australian dollar also helps Aristocrat, which generates most of its revenue in the U.S. GS raises its target price 11% to A$78.00. Shares are up 3.7% at A$71.485. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
January 27, 2025 22:26 ET (03:26 GMT)
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